Dive Company, a calendar-year corporation, had the following actual income before income tax expense and estimated effective annual income tax rates for the first three quarters in 2020. Dive's income tax expense in its interim income statement for the third quarter should be: *

P126,000.

P68,400.

P62,400.

P54,000.

Income before tax Quarter expense 1 100,000 2 140,000 3 180,000 Estimated effective annual tax rate at the end of each quarter 30% 24% 30% W N